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MERSCORP Holdings was once again absolved from legal misconduct according to the company. The Virginia-based company announced on Friday that the 8th Circuit U.S. Court of Appeals ruled on December 31, 2013 in Mayme Brown v. Mortgage Electronic Registration Systems, Inc, (MERS) affirming the U.S. District Court's dismissing all of the Clerk's claims against MERS.

Under the Consumer Financial Protection Bureau's new rules, servicers will have to provide very detailed and accurate information to borrowers about each aspect of their loans and any foreclosure procedures that may occur, according to Richard Koch, SVP at Morningstar Credit Ratings. Koch believes the new regulations will provide opportunity for some, but hardships for others because of the increased burden of time and expense necessary for compliance.

NewOak announced the appointment of Neil McPherson as head of business development. McPherson, who was part of the original business development team when NewOak launched in 2008, returns to the firm with responsibility for coordinating NewOak's client development efforts across all its business lines.

Trulia, an online marketplace for homebuyers, sellers, and real estate professionals, announced it is now an industry partner for the Real Estate Standards Organization (RESO), a nonprofit group dedicated to standardizing real estate data in order to promote accuracy and consistency within the industry. The company's own VP of industry services, Alon Chaver, has joined RESO's board of directors, effective January 1.